- We will be considerate and friendly to the environment in all our business activities.
- We will strictly observe the rules and regulations of the society and abide by the laws of the countries we operate in.
- We will ensure safe and healthy working environment for our employees.
- We will provide the services and systems that meet customers' expectation.
- We will be transparent with our shareholders and investors in order to allow them understand our operation and we will ensure a high standard of corporate governance.
- We will maintain a high standard of integrity in our business dealings.
Tokai Kanko is a company listed on the Tokyo Stock Exchange Group, Inc. of Japan with principal interests in hotel operations and real estate investments.
Through the support of our major shareholders, we have successfully diversified our operations into other real estate businesses in recent years. In addition to our hotel assets, we now also own a number of residential buildings in Tokyo which provide the group with a steady source of recurring income, and memorial park operation which is growing rapidly. Additionally, we have also recently invested in retirement home projects.
Following the recent March 11 earthquake, the Japanese economy deteriorated and our hospitality business was also affected. However, we are now seeing signs of gradual recovery of economy and we remain optimistic on the long term prospects of the hospitality industry in Japan.
I believe current environment presents some good investment opportunities and we are now evaluating a number of strategic options. I believe that with a carefully formulated plan, Tokai Kanko can further expand its hospitality business. In order to achieve this, we need to strengthen our balance sheet, invest in hotel operating teams and make selective acquisitions.
I am determined to transform Tokai Kanko and we will invest in resources to implement our strategy.
I believe through careful execution of our plan, we cancreate and deliver long term value to our shareholders.
Hoong Cheong Thard
7 July 2011
| Company Name | TOKAI KANKO CO., LTD. |
|---|---|
| Head Office | 2-16-45 Takanawa Minato-ku, Tokyo (MAP) TEL:81-3-5488-1010 FAX:81-3-3443-9550 |
| Founded | March 23, 1948 |
| Capital | 107,000 million yen (as of December 31, 2010) |
| Listing | The first section of Tokyo Stock Exchange |
| Stock Quotes | 9704:JP TOKAI KANKO CO., LTD |
| Business |
Hotel Business (Operating Company: Agora Hospitalities) Property Investment Memorial Park Treasury Operations |
| Number of Employees | 51 (as of December 31, 2010 Consolidated basis) |
| Sales |
Consolidated basis 1,102 million yen Non-consolidated basis 495 million yen (for FY2010 ended Dec.31, 2010) |
| Representative | Hoong Cheong Thard |
| Place of Business |
Imaiso (Izu Imaihama) Nanzanso (Izu Nagaoka) Hidden Valley (Australia) Rawang Memorial Park (Malaysia) |
| 1948 March | Started accommodation business by the name of Sakura Kanko Co., Ltd.. |
|---|---|
| 1949 May | Listed on the first section of Tokyo Stock Exchange. |
| 1953 October | Amended trade name to "TOKAI KANKO CO., LTD."after merged with Tokai Tourism Co., Ltd.. At the same time, acquired "Imaiso"(a Japanese styled hotel) in Izu Imaihama, Shizuoka. |
| 1954 November | Honored by the pleasure of Emperor Showa presence at "Imaiso". |
| 1963 July | Took over "Nanzanso"(a Japanese styled hotel) in Izu Nagaoka, Shizuoka. |
| 1964 February | Opened "Hotel Takanawa" at Minato-Ku, Tokyo. (closed at 1996) |
| 1971 November | Entered into tie-up relationship with Mitsui & Co., Ltd.. |
| 1978 January | Imaiso suspended the operations due to earthquake happenings in the sea off Izu ohshima.(reopend at 1985) |
| 1986 June | Entered into business tie-up relationship with Far East Consortium International Limited for the purpose of conducting property development business in Southeast Asia. |
| 1997 September | Far East Global Asia Limited became the parent company with the allocation of the new shares. |
| 2007 June | Consolidated shares at the ratio of 1 new share for every 3 existed shares. Also had 1,000 shares constitute one unit of shares to entitle shareholders to cast one vote at the meeting of shareholders. |
| 2007 July | Acquired shares and management right for memorial park business from Beauty Spring International Limited and its affiliated companies. |
| 2007 August | Acquired shares and management right for rental apartment business from three limited liability companies. |
| 2010 March | Started the consignment of business management activities in Imaiso and Nanzanso to the hotel-business operating company AGORA Hospitalities Co., Ltd.. |
| 2011 January | Acquired shares of Bata International Ltd. and its affiliated companies which hold the management right of real-estate development investment in Australia. |
| 2011 August | Issued new shares of 54 million common stock by third-party allotment to Alpha Concept Investments Limited, an investment vehicle of Hony Capital Fund 2008 L.P.. |
| Invested in Agora Hospitalities Co., Ltd in the form of a convertible bond and it became the Company's subsidiary. |